Interfund Transfer Cancelled

**tsptalk** · 01-12-2005, 02:50 PM

Another failed rally this morning. I think I'll play it safe for now. I'm making an interfundtransfer this morning to 50% G, 30% C and 20% I fund. The trade deficit numbershave the dollar falling again, that is why I'm using the I fund.

Looks like 1165 area on the S&P is the next test.

:shock: I hope everyone saw my post below that I cancelled this transaction. I had to run quick and get things out before the deadline. The market gave us a "V" bottom about a half hour before the deadline, that I was hoping to see.

**cowboy** · 01-12-2005, 02:58 PM

I am going 100% S today on the hopes of catching a bounce on the S fund. I believe the economic crap that is coming out tomorrow should help the funds, if not well hit the basement soon. I think you call it catching the falling knife. This is a risky play and probably very short term. Good luck everyone!

**Safetyguy** · 01-12-2005, 03:44 PM

tsptalk wrote:

I think I'll play it safe for now. I'm making an interfundtransfer this morning to 50% G, 30% C and 20% I fund. The trade deficit numbershave the dollar falling again, that is why I'm using the I fund.

Not a bad move -- why not more in the I?

**vectorman** · 01-12-2005, 03:49 PM

Hi Cowboy, would you consider starting a 'Cowboy Account' so some of us can follow your progress. I see your allocation post here and there, but it would be nice to have them all in one place. I last observed that you were 100% I, if I didn't miss any other changes. The I is still riding above it's 50 day MA, but the S fund could finishits second day below the its 50 day MA.Whatinformation are you using to make this move. With the dollar falling further today, wouldn't the I fund benefit more from it tomorrow with less risk? Thank you. V-man

**tsptalk** · 01-12-2005, 03:49 PM

I am cancelling this transaction. We are seeing a turnaround!!

**vectorman** · 01-12-2005, 03:53 PM

Tom, with the dollar falling sharply today, wouldn't we see a better up side to the I fund, at least in the short term? Thanks

**cowboy** · 01-12-2005, 03:59 PM

If your talking to me SafetyGuy. I just see the I fund at this time over the last 5 days as staying steady. Even though it has went up about .12 cents in the last 4 days. Itcan take thatgainin one day very quickly. The S has dropped to a level it may stabilize and I can make some green tomorrow unless it moves to fast on me today. That isthe risk of day trading it in a down market. Ifit does not bounce tomorrow then I will try to recover it some how.

**Safetyguy** · 01-12-2005, 05:31 PM

cowboy wrote:

If your talking to me SafetyGuy.

Actually it was a question for Tom (since this is his forum) but just as relevant for you. Thanks for your thoughts.

**pyriel** · 01-12-2005, 06:50 PM

S is very low right now and good for buying but the uncertainty of this market made me hesitant to go back in. I was 100i and went 100g today. Thought about going 100s withshare price going from 14.13 to 14.01. If there is a bounce, I would be buying in a high. Will sit this one out and try to get back in tomorrow. If the bounce continues, and looks like everything is a green light, i'll get back in right away. As you all know, I live on Guam and is 3 hours away from Japan, the dollar was beating the yen as of yesterday Wednesday afternoon my time while you guys were sleeping in the mainland which is what made me decide to bail out of I for today. We'll see how that works out.

**teknobucks** · 01-12-2005, 10:18 PM

tsptalk wrote:

Another failed rally this morning. I think I'll play it safe for now. I'm making an interfundtransfer this morning to 50% G, 30% C and 20% I fund. The trade deficit numbershave the dollar falling again, that is why I'm using the I fund.

Looks like 1165 area on the S&P is the next test.

perhaps we should of allfollowed this lead....gut tells me couple of soft days still ahead before a major move up.

oh well:h

**tsptalk** · 01-12-2005, 11:29 PM

teknobucks wrote:

tsptalk wrote:

Another failed rally this morning. I think I'll play it safe for now. I'm making an interfundtransfer this morning to 50% G, 30% C and 20% I fund. The trade deficit numbershave the dollar falling again, that is why I'm using the I fund.

Looks like 1165 area on the S&P is the next test.

perhaps we should of allfollowed this lead....gut tells me couple of soft days still ahead before a major move up.

oh well:h

I hope you saw this post later on...

I am cancelling this transaction. We are seeing a turnaround!!

**tsptalk** · 01-13-2005, 12:24 AM

Safetyguy wrote:

tsptalk wrote:

I think I'll play it safe for now. I'm making an interfundtransfer this morning to 50% G, 30% C and 20% I fund. The trade deficit numbershave the dollar falling again, that is why I'm using the I fund.

Not a bad move -- why not more in the I?

Safetyguy -
As you may have saw, I cancelled that transaction, but I understand your point. I like the I fund in the short term for a test of the dollar's low but I do believe we are seeing a longer termbottom forming inthe dollar giving theI fundmore obstacles thanthe C fund over the intermediate term.